Consumer credit data tops calendar
Bryan McCormick | email@example.com
There is just one report set on today's economic calendar, and that is consumer credit. Unless there is a big positive or negative shift in the number, it isn't likely to produce much market reaction.
The report, out at 3 p.m. ET, has consensus forecast at $7.6 billion of new debt. The range of estimates is from $3.5 billion to $11.6 billion. Traders may be more bullish if they see consumers willing to leverage up by adding more debt.
Vote of confidence in consumers
September 8, 2015
Traders are betting on a floor in shares of the SPDR Consumer Discretionary Fund, which had been hovering near all-time highs before plummeting last month.